Energean (LON:ENOG) Trading Up 1.7% – Time to Buy?

Shares of Energean plc (LON:ENOG) shot up 1.7% during mid-day trading on Thursday . The company traded as high as GBX 990.50 ($12.75) and last traded at GBX 985 ($12.68). 190,802 shares were traded during trading, a decline of 69% from the average session volume of 605,876 shares. The stock had previously closed at GBX 968.50 ($12.46).

Energean Stock Up 1.7 %

The company has a debt-to-equity ratio of 498.55, a quick ratio of 1.42 and a current ratio of 1.31. The firm has a market capitalization of £1.81 billion, a price-to-earnings ratio of 856.52 and a beta of 0.85. The firm has a fifty day moving average price of GBX 925.46 and a 200 day moving average price of GBX 1,007.50.

Energean Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 19th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, September 19th. This represents a dividend yield of 2.59%. Energean’s payout ratio is currently 7,826.09%.

Insider Transactions at Energean

In other news, insider Matthaios Rigas acquired 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was purchased at an average cost of GBX 850 ($10.94) per share, with a total value of £340,000 ($437,524.13). Corporate insiders own 24.40% of the company’s stock.

Energean Company Profile

Energean plc engages in the exploration, development, and production of oil and gas. It operates through four segments: Europe, Israel, Egypt, and New Ventures. The company holds interests in the Eastern Mediterranean. Its flagship project is the Karish project located in Israel. It also provides financing services; and holds a gas transportation license.